The Sky News Business Podcast · Sky News

US-UK trade, A-I and a shake up of rules on investment advice

·24 min·1 clip

The FCA says less than one in ten people get regulated financial advice, while one in five turn to social media.

1. The Sky News Business Podcast episode centres on the UK-US trade deal, AI skills, and new FCA investment rules. 2. Paul Kelso hosts the programme, with Matthew Orisman of Pillsbury, Winthrop, Shaw, Pittman, Chris Southworth of the International Chamber of Commerce, Sarah Pritchard of the FCA, Hanju Ho of Lloyds Bank Commercial, and Ewan Blair of Multiverse all explaining different parts of the business news agenda. 3. The episode asks whether the UK has gained a real advantage from the US trade deal, or only a temporary tariff break. 4. Paul Kelso opens by saying British-made cars now face 10% tariffs in the US and aerospace parts face no import taxes at all. 5. Matthew Orisman says the UK is in a much better position than competitors, especially the European Union, but still worse off than before the Trump administration. 6. He says the UK exports about 100,000 cars a year to the US, mostly high-end vehicles, and that the 10% tariff is capped at that level. 7. He also says aerospace exports are more complicated because many engines will return to the UK attached to Boeing planes bought by British Airways. 8. Orisman says the steel and aluminium part of the deal is still missing because negotiations are tied to concerns about China and possible backdooring. 9. Chris Southworth argues the agreement is not really a trade deal but a tariff de-escalation arrangement. 10. Southworth says tariffs matter, but legal uncertainty and policy uncertainty do more damage to business than the headline rates. 11. He says the world has moved on, citing the Commonwealth Trade Ministers Meeting in Namibia and the WTO, where governments were focused on keeping trade flowing. 12. Southworth says the UK has a trillion pounds and dollars invested with the US and about a million jobs linked across both sides. 13. He also says the UK trade strategy now gives more balance to the US, the EU, China, and the rest of the world. 14. On digital taxation, Southworth says tax is not a tariff and argues that digital services taxes reflect a wider effort to place stronger rules around large US tech firms. 15. Paul Kelso then turns to Lloyds Bank Commercial after a survey showed economic optimism at a 10-month high and 60% of firms expecting higher staff levels. 16. Hanju Ho says overall confidence rose to 51% in June, above the long-term average, and links the outlook to resilience among SMEs and better financing conditions. 17. The FCA segment follows, where Sarah Pritchard says targeted support will let firms give group-based suggestions on pensions, savings, and investments. 18. Pritchard says less than one in ten people receive regulated financial advice, while around one in five turn to social media for help, and she says the rules still sit under the Consumer Duty, the Ombudsman, and compensation protections. 19. Ewan Blair says the AI issue is not only about tools but about training workers to use them safely and effectively, which suits listeners who want practical policy and market detail. 20. Listeners interested in tariffs, regulation, banks, and workplace productivity will get the most from it, while those avoiding UK business news and policy interviews may skip it.

As heard by us

Trade leverage, tech taxation, and AI job risk, tied back to business reality.

The episode opens on the UK-US trade deal, with British-made cars and jet engines getting the lowest tariffs of any trading nation after the deal took effect at 5am. Steel and aluminium are still left out, so the picture is not as clean as the headline sounds.

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Why you'd press play

You want the UK-US trade deal, the tax fight, and the AI job warning in one brisk briefing.

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